FREEMIND
ActiveFREEMIND has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €336k and a net result of €-4k. Equity is growing by ~35.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 2264 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
70
/ 100
Healthy▼ -16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-41
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 8.76 against 6.54 in 2024), and 9.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
2 d early
2023
100 d early
2022
88 d early
2021
18 d late
2020
25 d late
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€336k▼ 16.6%
2024 · €403k
2018: €39k
2019: €102k
2020: €118k
2021: €148k
2022: €218k
2023: €379k
2024: €403k
2018 → 2025
Total assets
€371k▼ 20.1%
2024 · €465k
2018: €119k
2019: €187k
2020: €201k
2021: €254k
2022: €848k
2023: €486k
2024: €465k
2018 → 2025
Net result
€-4k
2024 · €33k
2018: €6k
2019: €63k
2020: €16k
2021: €48k
2022: €70k
2023: €161k
2024: €33k
2018 → 2025
Working capital
€272k▼ 20.5%
2024 · €341k
2018: €19k
2019: €74k
2020: €91k
2021: €84k
2022: €-310k
2023: €318k
2024: €341k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€148k-€218k▲ 47.3%€379k▲ 73.8%€403k▲ 6.3%€336k▼ 16.6%
Operating result€66k-€86k▲ 30.1%€165k▲ 91.7%€50k▼ 69.5%€-923
Net result€48k-€70k▲ 47.1%€161k▲ 130%€33k▼ 79.5%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €923 after €50k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €371k
Fixed assets
€65k▲ 4.7%
Current assets
€307k▼ 23.9%
Equity and liabilities €371k
Equity
€336k▼ 16.6%
Debt
€35k▼ 43.2%
The debt ratio falls from 13.4% to 9.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€12k▼
2024 · €61k
Cash flow
€9k▼
2024 · €44k
Solvency
90.5%▲
2024 · 86.6%
Current ratio
8.76▲
2024 · 6.54
Quick ratio
8.35▲
2024 · 6.54
Debt / equity
0.11▼
2024 · 0.15
ROE
-1.2%▼
2024 · 8.2%
ROA
-1.1%▼
2024 · 7.1%
Interest coverage
5.28▼
2024 · 15.93
Debt
€35k▼
2024 · €62k
Debt ≤ 1 year
€35k▼
2024 · €62k
Debt > 1 year
€307▼
2024 · €496
Income taxes
€917▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€465k€371k▼
Fixed assets21/28€62k€65k▲
Tangible fixed assets22/27€62k€63k▲
Plant, machinery and equipment23€3k€10k▲
Furniture and vehicles24€14k€14k▼
Other tangible fixed assets26€45k€39k▼
Financial fixed assets28€72€2k▲
Current assets29/58€403k€307k▼
Stocks and contracts in progress3-€15k
Stocks30/36-€15k
Amounts receivable within one year40/41€49k€41k▼
Trade receivables40€23k€14k▼
Other amounts receivable41€26k€26k▲
Cash at bank and in hand54/58€347k€246k▼
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€465k€371k▼
Equity10/15€403k€336k▼
Contributions10/11€12k€12k=
Reserves13€390k€328k▼
Distributable reserves133€390k€328k▼
Profit (loss) carried forward14€0€-4k▼
Amounts payable17/49€62k€35k▼
Amounts payable after more than one year17€496€307▼
Other amounts payable178/9€496€307▼
Amounts payable within one year42/48€62k€35k▼
Trade debts44€46k€23k▼
Suppliers440/4€46k€23k▼
Advances received on contracts in progress46€113€113=
Taxes, remuneration and social security45€16k€12k▼
Taxes450/3€16k€12k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€13k▲
Other operating charges640/8€2k€581▼
Gross operating margin9900€64k€12k▼
Operating profit (loss)9901€50k€-923▼
Financial income75/76B€0€4▲
Recurring financial income75€0€4▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€46k€-3k▼
Income taxes67/77€14k€917▼
Profit (loss) for the period9904€33k€-4k▼
Profit (loss) for the period to be appropriated9905€33k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€-4k▼
Transfer from equity791/2€9k€63k▲
Transfer to equity691/2€33k€0▼
To other reserves6921€33k€0▼
Profit to be distributed694/7€9k€63k▲
Return on contributions (dividend)694€9k€63k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-4k ▼112%
Net result drops to €-4k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €161k ▲130%
Operating result €165k, net result €161k, both a record.
31-12
Financial
Liquidity times 8current ratio 3.98
Current ratio from 0.51 to 3.98; short-term debt falls from €627k to €107k.
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €218k ▲47.3%
5 profitable years in a row build equity to €218k.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €102k ▲161%
2 profitable years in a row build equity to €102k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Izabellapolder 38300 Knokke-HeistGround area
317 m²
Building footprint
111 m²
Volume, LiDAR
833 m³
Parcel 31039A0289/06X002, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Izabellapolder 3, 8300 Knokke-Heist
since 20112.199.124.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039A0289/06X002 | Flanders | 317 m² | 1 · 111 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
98450009C879E4B78D31
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Of 6,708 companies in sector 93299 we hold annual accounts for 1,160. 701 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2011
Fiscal year end31-12
Activities, NACEBEL
93299Other amusement and recreation activities
85510Sports and recreation education
93129Activities of other sports clubs
93192Activities of independent sportspeople
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.